Greenbelt Capital Closes First Fund at $1B to Accelerate Energy Transition
- Greenbelt Capital’s debut fund closes at its $1B hard cap—exceeding its $750M target.
- The fund targets investments driving energy, power, and infrastructure transformation.
- Greenbelt now manages $2.5B and has begun deploying capital into portfolio companies.
Greenbelt Capital Partners, a private equity firm focused on advancing energy and infrastructure transformation, has closed its inaugural fund—Greenbelt Capital Partners III L.P.—at $1 billion, hitting its hard cap and exceeding its original $750 million target.
The fund drew commitments from a wide range of global institutional investors, including pension funds, sovereign wealth funds, insurance companies, and foundations across North America, Europe, and Asia-Pacific.
“We’re proud to have assembled a high-quality group of investors that share our long-term vision and commitment to building businesses that are both commercially excellent and critical to the future of energy and infrastructure,” said Chris Manning, CEO and Managing Partner.
Founded in 2022 and based in Austin, Texas, Greenbelt is led by Manning and Glenn Jacobson, Managing Partner. The duo has worked together for over 20 years and deployed more than $6 billion in equity capital. Their strategy targets companies that sit at the nexus of grid modernization, digital infrastructure, industrial electrification, and energy efficiency.
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“Our team is at the front end of what we believe is a generational investment opportunity,” said Jacobson. “We aim to help drive a carbon competitive and sustainable future by backing strong commercial leaders who are shaping the next era of innovation and economic growth.”
With the close of Fund III, Greenbelt now has $2.5 billion in assets under management and has already started investing from the fund. A strong pipeline of opportunities is currently under active consideration.
Threadmark acted as global placement agent and Kirkland & Ellis served as legal counsel.
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